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Asset Manager ← All Institutions

National Pension Service

Q2 2025 · Filed 2025-08-08
Market Value
$115.7B
+11.3%
Holdings
536
-11
New Purchases
2
Added To
352
Closed
8
Reduced
134
Top 10 Concentration
34.9%
Turnover
1.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 6.36% 4.97% +1.38% $7.4B
MSFT 5.88% 4.94% +0.94% $6.8B
AVGO 2.04% 1.44% +0.61% $2.4B
META 2.76% 2.44% +0.32% $3.2B
NFLX 1.04% 0.78% +0.26% $1.2B
AMZN 3.48% 3.29% +0.19% $4.0B
TSLA 1.52% 1.33% +0.18% $1.8B
ORCL 0.63% 0.46% +0.17% $732M
APP 0.24% 0.11% +0.13% $277M
COF 0.27% 0.15% +0.13% $318M
CEG 0.29% 0.16% +0.12% $335M
HWM 0.20% 0.07% +0.12% $226M
VST 0.19% 0.07% +0.12% $218M
RBLX 0.14% 0.04% +0.10% $167M
APH 0.28% 0.18% +0.10% $324M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 5.11% 6.11% -1.00% $5.9B
UNH 0.49% 0.92% -0.43% $569M
LLY 1.04% 1.29% -0.25% $1.2B
BRK-B 1.04% 1.22% -0.19% $1.2B
CRH.L 0.00% 0.18% -0.18% $0
JNJ 0.63% 0.78% -0.14% $729M
XOM 0.83% 0.97% -0.14% $964M
ABBV 0.61% 0.73% -0.11% $709M
ROST 0.06% 0.17% -0.11% $67M
CVX 0.43% 0.54% -0.11% $496M
PG 0.67% 0.78% -0.11% $779M
MCD 0.38% 0.48% -0.11% $437M
TGT 0.07% 0.17% -0.10% $78M
TMO 0.28% 0.38% -0.10% $323M
KO 0.53% 0.63% -0.10% $613M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 55 $65.1B 56.3%
Large Cap 449 $49.4B 42.7%
Mid Cap 27 $428M 0.4%
Small Cap 5 $706M 0.6%

Portfolio Analytics

Avg Market Cap
$138.7B
Median Market Cap
$39.8B
Avg P/E
32.7
Median P/E
24.6
Avg Dividend Yield
0.02%
Avg Beta
0.95
# Stocks
529
# ETFs / Funds
7

Top Holdings (536 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 6.36% 46,535,267 $7.4B $157.99 $2.2B -1,140,329 -2.4%
2 MSFT 5.88% 13,664,645 $6.8B $497.41 $1.7B -2,827 -0.0%
3 AAPL 5.11% 28,813,985 $5.9B $205.17 -$440M +219,494 +0.8%
4 PBUS 3.80% 70,631,785 $4.4B $62.18 $435M
5 AMZN 3.48% 18,352,886 $4.0B $219.39 $609M +393,044 +2.2%
6 META 2.76% 4,331,629 $3.2B $738.09 $657M -75,137 -1.7%
7 IVV 2.21% 4,119,355 $2.6B $620.81 $243M
8 AVGO 2.04% 8,581,997 $2.4B $275.65 $874M -326,307 -3.7%
9 GOOGL 1.76% 11,584,502 $2.0B $176.23 $259M +60,660 +0.5%
10 TSLA 1.52% 5,517,336 $1.8B $317.66 $369M +176,645 +3.3%
11 GOOG 1.51% 9,872,626 $1.8B $177.39 $206M -19,410 -0.2%
12 JPM 1.32% 5,271,990 $1.5B $289.91 $253M +72,807 +1.4%
13 NFLX 1.04% 899,484 $1.2B $1,339.13 $394M +30,249 +3.5%
14 LLY 1.04% 1,543,238 $1.2B $779.53 -$141M -84,359 -5.2%
15 BRK-B 1.04% 2,469,534 $1.2B $485.77 -$71M +83,515 +3.5%
16 V 0.96% 3,136,548 $1.1B $355.05 $64M +140,213 +4.7%
17 XOM 0.83% 8,941,990 $964M $107.80 -$46M +451,637 +5.3%
18 COST 0.83% 971,035 $961M $989.94 $146M +109,390 +12.7%
19 WMT 0.75% 8,879,979 $868M $97.78 $51M -433,352 -4.7%
20 MA 0.74% 1,519,790 $854M $561.94 -$10M -57,122 -3.6%
21 PG 0.67% 4,889,223 $779M $159.32 -$31M +135,050 +2.8%
22 HD 0.64% 2,007,389 $736M $366.64 $16M +44,040 +2.2%
23 ORCL 0.63% 3,348,663 $732M $218.63 $255M -66,931 -2.0%
24 JNJ 0.63% 4,774,862 $729M $152.75 -$76M -82,357 -1.7%
25 ABBV 0.61% 3,820,450 $709M $185.62 -$47M +210,615 +5.8%
26 PM 0.58% 3,712,064 $676M $182.13 $78M -55,615 -1.5%
27 IBM 0.56% 2,178,026 $642M $294.78 $84M -65,516 -2.9%
28 BAC 0.55% 13,512,376 $639M $47.32 $98M +542,102 +4.2%
29 CSCO 0.54% 9,049,429 $628M $69.38 $54M -254,766 -2.7%
30 KO 0.53% 8,666,229 $613M $70.75 -$42M -485,357 -5.3%
31 GE 0.52% 2,328,584 $599M $257.39 $115M -91,083 -3.8%
32 PLTR 0.51% 4,367,253 $595M $136.32 $156M -838,485 -16.1%
33 CRM 0.51% 2,155,698 $588M $272.69 $10M +3,790 +0.2%
34 UNH 0.49% 1,822,757 $569M $311.97 -$390M -7,410 -0.4%
35 DIS 0.47% 4,362,135 $541M $124.01 $156M +463,128 +11.9%
36 INTU 0.45% 655,890 $517M $787.63 $154M +64,554 +10.9%
37 WFC 0.44% 6,417,035 $514M $80.12 $54M +7,962 +0.1%
38 CVX 0.43% 3,461,940 $496M $143.19 -$61M +133,868 +4.0%
39 BKNG 0.41% 81,850 $474M $5,789.24 $145M +10,383 +14.5%
40 ABT 0.41% 3,468,778 $472M $136.01 -$6M -135,250 -3.8%
41 T 0.41% 16,270,803 $471M $28.94 $10M -20,431 -0.1%
42 AMD 0.40% 3,286,275 $466M $141.90 $125M -36,045 -1.1%
43 GS 0.40% 645,998 $457M $707.75 $122M +32,792 +5.3%
44 LIN 0.38% 942,892 $442M $469.18 -$27M -65,676 -6.5%
45 MRK 0.38% 5,531,803 $438M $79.16 -$35M +258,320 +4.9%
46 MCD 0.38% 1,495,271 $437M $292.17 -$66M -114,360 -7.1%
47 NOW 0.36% 402,812 $414M $1,028.08 $93M -202 -0.1%
48 VZ 0.36% 9,569,160 $414M $43.27 -$62M -915,763 -8.7%
49 QCOM 0.35% 2,556,849 $407M $159.26 $16M +9,773 +0.4%
50 AMAT 0.35% 2,201,543 $403M $183.07 $126M +290,372 +15.2%
51 UBER 0.35% 4,317,114 $403M $93.30 $95M +98,028 +2.3%
52 RTX 0.34% 2,731,407 $399M $146.02 -$11M -360,103 -11.7%
53 PEP 0.34% 2,986,735 $394M $132.04 -$37M +109,484 +3.8%
54 TXN 0.34% 1,899,437 $394M $207.62 $31M -123,879 -6.1%
55 ACN 0.34% 1,309,465 $391M $298.89 -$35M -56,573 -4.1%
56 CAT 0.33% 994,303 $386M $388.21 $57M -3,274 -0.3%
57 PGR 0.32% 1,408,771 $376M $266.86 -$7M +54,701 +4.0%
58 ISRG 0.32% 682,577 $371M $543.41 -$24M -115,352 -14.5%
59 TSPA 0.32% 9,513,375 $370M $38.89 $35M
60 MS 0.32% 2,592,686 $365M $140.86 $85M +192,702 +8.0%
61 BSX 0.31% 3,375,933 $363M $107.41 $7M -147,209 -4.2%
62 GILD 0.31% 3,261,413 $362M $110.87 -$28M -211,960 -6.1%
63 ADBE 0.31% 925,463 $358M $386.88 $2M -3,061 -0.3%
64 AXP 0.31% 1,122,097 $358M $318.98 $59M +11,095 +1.0%
65 EWP 0.31% 8,092,278 $357M $44.08 $48M
66 SCHW 0.30% 3,840,019 $350M $91.24 $104M +692,603 +22.0%
67 PANW 0.30% 1,686,962 $345M $204.64 $103M +270,233 +19.1%
68 CEG 0.29% 1,038,144 $335M $322.76 $164M +188,245 +22.1%
69 LRCX 0.29% 3,421,664 $333M $97.34 $102M +238,775 +7.5%
70 MU 0.29% 2,697,647 $332M $123.25 $94M -45,463 -1.7%
71 NEE 0.29% 4,785,123 $332M $69.42 -$6M +15,388 +0.3%
72 C 0.29% 3,900,825 $332M $85.12 $60M +62,374 +1.6%
73 APH 0.28% 3,280,941 $324M $98.75 $136M +413,121 +14.4%
74 TMO 0.28% 797,302 $323M $405.46 -$73M +1,148 +0.1%
75 KLAC 0.28% 358,792 $321M $895.74 $111M +49,966 +16.2%
76 MELI 0.28% 122,883 $321M $2,613.63 $122M +21,030 +20.6%
77 AMGN 0.28% 1,146,313 $320M $279.21 -$42M -17,376 -1.5%
78 HON 0.28% 1,366,393 $318M $232.88 $27M -6,595 -0.5%
79 COF 0.27% 1,493,636 $318M $212.76 $163M +628,507 +72.7%
80 BA 0.27% 1,513,061 $317M $209.53 $90M +179,930 +13.5%
81 ADI 0.27% 1,323,143 $315M $238.02 $93M +220,379 +20.0%
82 BLK 0.27% 297,826 $312M $1,049.25 $2M -30,408 -9.3%
83 CMCSA 0.27% 8,735,089 $312M $35.69 -$5M +139,070 +1.6%
84 SPGI 0.27% 588,958 $311M $527.29 -$24M -69,325 -10.5%
85 ANET 0.27% 3,026,712 $310M $102.31 $83M +102,776 +3.5%
86 TJX 0.26% 2,454,452 $303M $123.49 -$45M -404,162 -14.1%
87 PFE 0.26% 12,499,354 $303M $24.24 -$17M -119,117 -0.9%
88 DE 0.26% 592,052 $301M $508.49 $15M -16,512 -2.7%
89 UNP 0.25% 1,268,516 $292M $230.08 -$8M +468 +0.0%
90 RCL 0.25% 926,591 $290M $313.14 $86M -65,988 -6.7%
91 COP 0.25% 3,168,859 $284M $89.74 $14M +589,836 +22.9%
92 DHR 0.24% 1,412,097 $279M $197.54 -$11M -3,340 -0.2%
93 LOW 0.24% 1,253,096 $278M $221.87 -$2M +52,147 +4.3%
94 TMUS 0.24% 1,166,254 $278M $238.26 -$44M -39,426 -3.3%
95 MDLZ 0.24% 4,106,551 $277M $67.44 $66M +998,953 +32.1%
96 APP 0.24% 790,271 $277M $350.08 $162M +356,443 +82.2%
97 MCK 0.24% 376,778 $276M $732.78 $59M +53,577 +16.6%
98 ETN 0.23% 761,396 $272M $356.99 $26M -142,917 -15.8%
99 TT 0.23% 619,166 $271M $437.41 $59M -8,199 -1.3%
100 CVS 0.23% 3,880,433 $268M $68.98 $54M +728,036 +23.1%

New Positions

SymbolValue% Port
RAL $8M 0.01%
AMTM $23K —%

Sold Out Positions

SymbolValue% Port
GPC —%
MRP —%
DVA —%
AOS —%
ALGN —%
DFS —%
CRH.L —%
DAY —%
View SEC EDGAR Filings for National Pension Service →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms